As you grow older, build a family and start businesses, you realize that life insurance is important in your financial plan. It caters to your family and those who depend on you after you die. At Salgado Insurance in Texas, we are a respected independent insurance agency with great experience in the insurance industry. Our excellent management and professionalism ensure that we process policies and claims in time. We offer different types of life insurance that include.
This is a permanent life insurance policy that you pay premiums as long as you are alive. It is combined with an investment plan; part of the premiums paid goes towards building cash value for investments. The cash value accumulated allows you to ask for funds without taxation. The amount of premium paid remains the same throughout the life of the policy. This policy also allows you to receive annual dividends that you can use to purchase an insurance, pay premiums or receive the dividends as money.
This is another type of a permanent life insurance policy. It's flexible compared to whole life insurance as you can choose the amount of premium going towards the policy's cash value and the death benefit. You can access the cash value anytime you need to.
It is also a permanent life insurance policy. It has an investment fund which can be invested in stocks or bond mutual fund benefit. However, returns are not guaranteed.
It doesn't have an investment component. The policy runs for a period of time and can be renewed when the term is up. It offers death benefits only when death occurs during the term.
Life insurance guarantees your dependents financial benefits after your death. It does not fix the problem, but it eases the burden for your loved ones when you are gone. Call or visit us at Salgado Insurance in Texas and we will help you secure the future of your family after you are gone.
